RBI Announces ₹34,000 Crore Government Security Auction for November 13

The Reserve Bank of India has scheduled a ₹34,000 crore auction for the 6.94% Government Security maturing in 2036, with an option to retain an extra ₹2,000 crore.

The Reserve Bank of India (RBI) has announced the sale and re-issue of a government dated security totaling ₹34,000 crore. According to the central bank’s press release, the auction will feature the 6.94% Government Security maturing on May 11, 2036. The RBI retains an greenshoe option to accept additional subscriptions of up to ₹2,000 crore for this security.

The auction is scheduled to take place on November 13, 2026, utilizing the multiple price auction method through the RBI’s Core Banking Solution (e-Kuber system). Non-competitive bids can be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids will be accepted from 10:30 a.m. to 11:30 a.m. on the auction date. Settlement and payment by successful bidders are slated for November 16, 2026.

Auction structure and timelines

Primary dealers can submit bids for the Additional Competitive Underwriting portion from 09:00 a.m. to 09:30 a.m. on November 13, 2026. Furthermore, the security has been deemed eligible for “When Issued” trading for a brief window spanning November 11 to November 13, 2026. Individual investors looking to participate can utilize the non-competitive bidding segment, which allocates up to 5% of the notified amount for eligible individuals via the RBI Retail Direct portal.

• Security: 6.94% GS 2036
• Repayment Date: May 11, 2036
• Notified Amount: ₹34,000 crore
• Auction Date: November 13, 2026
• Settlement Date: November 16, 2026

What this means for investors

Government security auctions by the Reserve Bank of India set key benchmark yields in the domestic debt market, influencing borrowing costs across the wider economy. For fixed-income investors, institutional funds, and banks, these regular debt issuances provide essential instruments for portfolio duration management and liquidity operations. Participating in such primary auctions allows investors to lock in prevailing sovereign yields directly without secondary market markups.

Retail investors can also access these sovereign debt issuances directly through the RBI Retail Direct platform, bypassing traditional intermediary channels. Keeping track of upcoming supply schedules helps market participants gauge debt absorption capacity and anticipate broader interest rate movements in the Indian financial system.

Frequently asked questions

Question? How can individual investors participate in this government security auction?
Answer. Eligible retail investors can place non-competitive bids through the online RBI Retail Direct portal within the designated submission window.

Question? What pricing method will the RBI use for this auction?
Answer. The auction will be conducted using the multiple price method, where successful competitive bids are accepted at their respective quoted yields or prices.

This article is for information only and is not investment advice. Do your own research or consult a licensed adviser before investing.

Based on information published by Reserve Bank of India (RBI). Source: Reserve Bank of India (RBI). Spotted an error? corrections@moneypuran.com